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JOB FUNCTION: Finance & Accounting
LOCATION: Lakewood, NJ

COMPENSATION: $18/hr - $21/hr
POSTED: Sep 16, 2020

Our client in the banking industry is seeking a Loan Specialist to join their team.

Salary/Hourly Rate:


Position Overview:

The Loan specialist will help the team with loan processing, collections of loans, fielding questions from customers, ad hoc projects and more.

Responsibilities of the Loan Specialist:

  • Obtain and analyze information necessary to process mortgage applications, including credit reports, income documentation, assets, title work, appraisals, and any other pertinent information
  • Daily pipeline management with an emphasis on meeting rate lock expirations, mortgage commitment dates, and department turn times
  • Effectively communicate loan status to all relevant parties, including borrowers and sales personnel involved in the transaction
  • Ensure compliance with disclosure requirements and meet all compliance standards
  • Accurately prepare files for closing, verifying closing dates, first payment dates, proper set up of escrow accounts, and coordinating with settlement agents for closing
  • Effectively communicate with underwriting, docs, funding, post-closing and other internal departments to ensure loans are completed accurately and are sufficient for purchasing

Qualifications of the Loan Specialist:

  • 2-3 years of experience working with loans
  • Positive customer service attitude
  • Advanced Microsoft Word and Excel knowledge

Education Requirements:

  • High School Diploma/GED


  • Atrium Care Package available

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